/biz/ - Business & Finance

>>20589349
Yeah Mike Wilson was also pretty on the mark. He was on a CNBC panel show in Jan or feb where he said his target was the current price on the S&P and everyone on the show was bullying him for being too bearish. Interesting analyst, called for a pullback to 2800 and I’m hoping for it.

>>20589275
>This hypothesis does not explain why silver plummeted to a ridiculous $12 in the March sell-off, and took so long to recover, despite the several trillions printed by the Fed and their announcement of "Q. E. infinity."
I believe that was also largely what Wilson talked about during the selloff.
His theory was that shadowbanking and hedge funds were highly levered on bull bets, and had to sell everything they could to free up dollars. It’s why they sold off blue chips and gold at the same time as low quality assets.

I need to look at how long it took to recover. I assume it was much quicker than stocks, much slower than gold?